Class action threat over CBS Ten bid – Australia News


Disgruntled Ten Network Holdings shareholders are considering a class action against the troubled network as they face receiving no compensation for their stock under the takeover proposed by US media giant CBS. 

Australian Shareholders Association director Allan Goldin said preliminary talks have been held with law firms about a class action after some shareholders contacted the association and expressed their concerns. 

“Class actions are very difficult and whether that is a possibility or if it’s not it’s really too early to say. But sure, we are having talks,” Mr Goldin said.

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